BUSINESS – Japanese firm plans shopping mall for Rangoon

Japan’s Aeon Co plans to open a shopping mall in Rangoon by 2016, according to a report in Kyodo News. The retailing giant says it will set up a representative office in March to lay the groundwork for its launch. Aeon owns no less than 157 shopping centres in Japan and around the world, including operations in China, Malaysia, Thailand and Vietnam. Aeon is also building its first shopping mall in Cambodia, which is scheduled to open in June.